The top regulation questions answered

At this stage, many of the questions it said it had been asked at conferences, forums and meetings over the past few months cannot be clearly answered.

Among them is when the legislative changes will be finalised – FMA said it expected the bill to pass around the end of the year and then there would be at least nine months’ preparation before the new regime began.

The minimum standards of competence, knowledge and skills needed for the new regime were also an unknown – as was whether RFAs should complete their level five certificate before the new regime started.

“The Code Working Group will be releasing a draft code for further feedback in October this year.  This will have details of the proposed competency standards you will need to meet under the new regime.”